Prosecutors Arrest and Indict Former Lotte Construction Executive for 100 Million Bribe to Secure Sewer Pipeline Project

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] A former executive of Lotte Construction has been indicted on charges of bribery for allegedly offering bribes to related organizations in order to secure the sewer pipeline maintenance project rights conducted by Busan City.

According to the legal community on the 8th, the Anti-Corruption and Strong Investigation Division 2 of the Seoul Central District Prosecutors' Office (Chief Prosecutor Jo Ju-yeon) arrested and indicted former Lotte Construction executive Mr. A on charges including bribery the day before.

Mr. A is accused of providing valuables worth about 100 million KRW to a researcher affiliated with the Busan Research Institute, the project evaluation agency, while soliciting the sewer pipeline maintenance project contract conducted by Busan City in 2015.

Since 2011, Busan City has carried out sewer pipeline maintenance projects across Busan eight times. The Busan Research Institute was responsible for preliminary feasibility studies and company selection on behalf of the city. Among these, a consortium including Lotte Construction won the project rights four times, and in 2013 and 2015, it was selected as a joint lead company with Kumho Construction.

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